Investors buy two office buildings

Investors buy two office buildings

A group of investors has bought two Baton Rouge office buildings for just under $5 million.

JPO Colorado LLC purchased the two-story, 24,000-square-foot office building at 5500 Florida for $1.75 million, according to records filed with the city-parish Clerk of Court’s office. It also bought the two-story, 24,000-square-foot building at 9489 Interline Ave. for $3.2 million.

Ben Stalter, the Maestri-Murrell broker who represented the seller, said the buildings were bought as an investment.

The Florida Boulevard building has Maryland-based information technology company CNSI as its main tenant, occupying 16,000 square feet of the building.

The Interline building is the former home of Summit, a division of Liberty Mutual, which recently moved to Perkins Rowe, Stalter said.